CBOE Holdings, Inc. (CBOE) Hits New 12-Month High at $101.40
CBOE Holdings, Inc. (NASDAQ:CBOE)’s share price hit a new 52-week high on Tuesday . The company traded as high as $101.40 and last traded at $101.39, with a volume of 548,509 shares traded. The stock had previously closed at $100.94.
A number of brokerages have recently weighed in on CBOE. Jefferies Group LLC reaffirmed a “hold” rating and set a $92.00 target price on shares of CBOE Holdings in a research report on Thursday, August 24th. Deutsche Bank AG upped their target price on CBOE Holdings from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. BidaskClub lowered CBOE Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of CBOE Holdings in a research report on Thursday, July 13th. Finally, Zacks Investment Research lowered CBOE Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. CBOE Holdings has a consensus rating of “Buy” and a consensus target price of $78.53.
The company’s 50 day moving average price is $96.80 and its 200-day moving average price is $87.60. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 56.71 and a beta of 0.49.
CBOE Holdings (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. CBOE Holdings had a return on equity of 17.45% and a net margin of 17.81%. The firm had revenue of $266.90 million during the quarter, compared to analysts’ expectations of $266.22 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company’s revenue was up 85.2% on a year-over-year basis. On average, equities research analysts anticipate that CBOE Holdings, Inc. will post $3.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.27 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.04%. This is a boost from CBOE Holdings’s previous quarterly dividend of $0.25. CBOE Holdings’s payout ratio is currently 59.67%.
In other news, VP Christopher A. Isaacson sold 7,020 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $100.61, for a total value of $706,282.20. Following the completion of the transaction, the vice president now owns 97,897 shares in the company, valued at $9,849,417.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank E. Jr. English sold 700 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $99.59, for a total value of $69,713.00. Following the completion of the transaction, the director now owns 4,514 shares of the company’s stock, valued at approximately $449,549.26. The disclosure for this sale can be found here. Insiders sold 441,556 shares of company stock valued at $41,169,558 in the last 90 days. Company insiders own 1.86% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in shares of CBOE Holdings by 16.1% in the second quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock worth $1,003,557,000 after purchasing an additional 1,519,882 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of CBOE Holdings by 23.8% in the second quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock worth $897,869,000 after purchasing an additional 1,886,113 shares during the last quarter. BlackRock Inc. raised its stake in shares of CBOE Holdings by 30.7% in the second quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock worth $586,026,000 after purchasing an additional 1,507,072 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of CBOE Holdings by 1.9% in the first quarter. Renaissance Technologies LLC now owns 4,467,300 shares of the financial services provider’s stock worth $362,164,000 after purchasing an additional 81,200 shares during the last quarter. Finally, State Street Corp increased its position in CBOE Holdings by 17.2% during the second quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock valued at $376,120,000 after acquiring an additional 604,328 shares during the last quarter. Hedge funds and other institutional investors own 82.49% of the company’s stock.
About CBOE Holdings
CBOE Holdings, Inc is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options), on an exclusive basis, and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual corporations (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options).
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